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WEDNESDAY 9TH NOVEMBER 2011
PARTNERS
Social media opportunity
for business
PATRICK STAFFORD
AUSTRALIAN businesses have been
encouraged to register their brand name on
Google+ after the search giant finally allowed
companies to create their own pages, but
have been cautioned to take a “wait and see”
approach.
While Search Engine Optimization (SEO)
experts say it’s important to make sure your
business gets as big a presence as possible
through social media, some acknowledge
Google+ represents only a minority of social
networking users and warn against spending
too much time there.
“With regard to business, you would definitely
want to go in and claim it, because it’s just good
to get all your channels,” says Reseo chief Chris
Thomas.
“But it’s really just for protection, and you
should take a ‘wait and see’ approach when
you’re talking about setting up a whole new
online world.”
Stewart Media chief Jim Stewart is more
bullish, saying businesses need... Read more
BUSINESS
MORNING
MARKET REPORT
Department store
woes continue
MYER Holdings’ first-quarter sales
have fallen by 5.1 per cent on a like-
for-like basis, but the department
store still forecasts flat sales for the
full financial year.
Myer said sales for the 13 weeks to
October 29 totalled $681.4 million,
down 3.5 per cent on the previous
corresponding period and down 5.1
per cent on a like-for-like basis.
Chief executive Bernie Brookes said
the result was in line with Myer’s
expectations.
“Pleasingly, as the quarter progressed
sales gradually improved against last
year,” he said in a statement to the
Stock Exchange this morning.
The company’s full-year guidance
remains unchanged.
Assuming no deterioration in trading
conditions, Myer expects sales to be
flatandnetprofittobeupto10per
cent lower than the previous year’s
$162.7 million.
“Global and domestic economic
conditions will dictate... Read more
Energy deal all but done
BEACH Energy has increased its relevant interest in Adelaide
Energy to 48.36 per cent after yesterday’s trading session
closed, as a result of strong acceptances by Adelaide Energy
shareholders of the Beach takeover offer
It follows Beach Energy Ltd’s unconditional on-market cash
offer on Monday of 20 cents per share for all of the issued and
outstanding ordinary shares of Adelaide Energy Limited it did
not own.
“Beach continues to be encouraged by ongoing... Read more
Crop report shows above-average harvest
SOUTH Australia is on track for a slightly
above-average harvest of 7.63 million
tonnes, expected to inject an estimated
$1.6 billion into the state’s economy.
This figure is higher than the 10-year
average farm-gate value of $1.5 billion,
according to Primary Industries and
Regions SA’s latest Crop Report.
The report shows a crop area of 4.13
million hectares – the largest on record
– on the back of the 2010-11 bumper
harvest of 10.34 million tonnes.
“Good returns for grain cropping have
encouraged more growers to replace
export hay paddocks with grain this year,”
Agriculture Minister Gail Gago said.
“News of an above-average crop is
welcome news for our state and most
importantly our farmers, who have had
another tough year battling pests and
crop diseases.
The relatively good finish to the season
is despite below-average rainfall across
most parts of the state in September
following a dry winter.
Read more
A South Australian canola crop.
Myer stores sales are down more than 5 per cent.
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